Founder at Kaiser Research Online
Member since: Mar '16 · 40 Opinions
They made a chromium discovery, but first nations’ opposition to development forced them to give up. The nickel price is still kind of weak and they are still trying to overcome the opposition. The warm winter this year has made exploration difficult in this area. Longer term, a chromium mine here would serve all of North America.
Markets. Something really big is underway. We are going back to a 90s style funding culture of exploration and discovery. In the last month the shift has brought it back home to him when companies started reviving projects that did not work in the past. They are now doing brute force drilling and not only hoping to hit something, but gathering a lot of geological data.
(Top Pick Mar 7/16, Up 135.48%) He thinks it is going to go a lot further in the next couple of months when we hear they have the mine lease. They are putting only a fraction of the deposit into production because demand has to develop. Any user needs reliable supply. These discoveries in Australia are a game changer. This market could explode.